HUDCO's Q4FY18 standalone net profit declines 29.4% yoy to Rs222.52cr : Misses Estimates

The company’s standalone NII stood at Rs527cr, up 29.14% yoy and 4.98% qoq.

May 31, 2018 03:05 IST India Infoline Research Team


Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
NII 527 29.1
Net Profit (adjusted) 222.52 [29.4]

HUDCO revenue has improved by 30.8% yoy to Rs1,186.1cr. Its NII for Q4FY18 came at Rs527cr, which has increased by 29% yoy. Its net profit was below estimates, which has declined by 29.4% yoy to Rs222.5cr against Rs315.4cr.

  • Disbursement for the quarter has improved by 51% yoy to Rs8,075cr.
  • For Q4FY18, yield and cost of funds stood at 10.37% and 7.26% respectively. NIM for the quarter came at 4.75%.
  • Capital adequacy ratio as of FY18 end stood at 52.38%.

Technical View:

Housing & Urban Development Corporation Ltd ended at Rs. 61.10, down by 0.05 points or 0.08% from its previous closing of Rs. 61.15 on the BSE.
The scrip opened at Rs. 60.10 and touched a high and low of Rs. 62.50 and Rs. 60.10 respectively. A total of 17,80,801 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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